Back on February 24th, I posted about an Amazon sale on Fire tablets where you could get up to a $40 discount when you purchase with American Express Membership Rewards points. That wasn’t such a great offer, just decent for those who wanted to buy one of these tablets for personal use. Then about a week later, it suddenly got much better. Amazon lowered the price of some tablets and by stacking it with the Membership Rewards offer, you could save as much as $80. Now it was time to buy for those into reselling.
The biggest discount was for Fire HD 8″ 32 GB Kids Edition Tablet With Kid-Proof Case. Regular price for that tablet was $129.99, down to $89.99 during the Amazon sale. With Amex discount, the price dropped to $49.99. Limit was five per tablet so I bought 5 of them right away. Thanks to sales tax in NYC, those five tablets cost me $272.15. I listed them the next day on eBay for 84.99, and they sold right away. Should have priced them higher.
Crunching the Numbers
Here’s my calculations:
|Selling Price ($84.99 each)||$424.95|
|eBay fees ($8.50 each)||$42.50|
|Shipping ($6.55 to $7.20)||$34.30|
|PayPal fees ($2.76 each)||$13.80|
|Final Selling Price||$334.35|
Not a crazy profit since I only purchased 5 tablets, but a decent return rate. Tax and shipping cut into my profits a bit and I could have priced a bit more and would have probably still sold them pretty quickly. At least this way I only took one trip to the post office for all 5 shipments. I could have bought some more Amazon gift cards to get a better discount also.
I’m sure some of you guys did even better, especially if you have an eBay store. Let me know if you jumped on this deal.